UL Solutions Inc. (NYSE:ULS – Get Free Report) Director Friedrich Hecker sold 4,000 shares of UL Solutions stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $102.04, for a total transaction of $408,160.00. Following the completion of the sale, the director directly owned 13,180 shares of the company’s stock, valued at approximately $1,344,887.20. The trade was a 23.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
UL Solutions Stock Performance
NYSE ULS opened at $102.87 on Friday. The company has a fifty day simple moving average of $90.49 and a 200 day simple moving average of $83.41. UL Solutions Inc. has a 12-month low of $61.64 and a 12-month high of $107.54. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27. The company has a market cap of $20.73 billion, a P/E ratio of 60.16, a PEG ratio of 3.98 and a beta of 0.59.
UL Solutions (NYSE:ULS – Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.08. UL Solutions had a net margin of 11.24% and a return on equity of 30.99%. The business had revenue of $758.00 million during the quarter, compared to the consensus estimate of $748.50 million. During the same quarter last year, the firm posted $0.37 EPS. UL Solutions’s revenue was up 7.5% compared to the same quarter last year. Sell-side analysts predict that UL Solutions Inc. will post 2.1 earnings per share for the current fiscal year.
UL Solutions Dividend Announcement
Hedge Funds Weigh In On UL Solutions
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Argent Capital Management LLC grew its position in UL Solutions by 53.9% during the 1st quarter. Argent Capital Management LLC now owns 76,644 shares of the company’s stock worth $6,569,000 after acquiring an additional 26,828 shares during the last quarter. CTC Alternative Strategies Ltd. bought a new position in UL Solutions during the 1st quarter worth approximately $300,000. Bank of America Corp DE grew its position in UL Solutions by 68.2% during the 1st quarter. Bank of America Corp DE now owns 113,623 shares of the company’s stock worth $9,739,000 after acquiring an additional 46,071 shares during the last quarter. Centaurus Financial Inc. grew its position in UL Solutions by 11.3% during the 1st quarter. Centaurus Financial Inc. now owns 2,516 shares of the company’s stock worth $216,000 after acquiring an additional 255 shares during the last quarter. Finally, Amundi bought a new position in UL Solutions during the 1st quarter worth approximately $235,000.
Analyst Upgrades and Downgrades
Several analysts have commented on ULS shares. Telsey Advisory Group set a $100.00 price objective on shares of UL Solutions in a research report on Wednesday, May 6th. Citigroup increased their price objective on UL Solutions from $87.80 to $106.40 and gave the stock a “neutral” rating in a report on Thursday, May 7th. BNP Paribas Exane started coverage on shares of UL Solutions in a research report on Monday, April 20th. They set a “neutral” rating and a $95.00 price target for the company. Weiss Ratings upgraded UL Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 8th. Finally, Raymond James Financial restated an “outperform” rating and issued a $115.00 target price on shares of UL Solutions in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $101.54.
Check Out Our Latest Report on UL Solutions
About UL Solutions
UL Solutions (NYSE: ULS) is a global safety science company that provides testing, inspection, certification, advisory and digital solutions designed to help organizations manage risk, ensure regulatory compliance and drive innovation. With roots dating back to 1894 when it was founded as Underwriters’ Electrical Bureau, the company rebranded as UL Solutions following its initial public offering in 2022. Headquartered in Northbrook, Illinois, UL Solutions operates independently to serve a broad range of industries with an emphasis on product safety, performance and sustainability.
The company’s core services include standards development, product testing and certification for sectors such as building products, consumer electronics, automotive, life sciences, energy and industrial equipment.
Featured Articles
- Five stocks we like better than UL Solutions
- Kiniksa Pharmaceuticals Still Has Room to Run After 100% Rally
- MarketBeat Week in Review – 05/18 – 05/22
- SpaceX IPO: Opportunity? Or the Ultimate Hype Trade?
- CAVA Group’s Stock Looks Delicious After Strong Earnings
Receive News & Ratings for UL Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UL Solutions and related companies with MarketBeat.com's FREE daily email newsletter.
